Sold $460,000 Closed August 30th. Seller walks from a large deficiency judgment with Litton Loan.  From Listed to Sold less than 4 months. One question I get from many home buyers as well as real estate agents is "how much is owed on the home?"  When it comes to doing a short sale and receiving a short sale approval the size of the deficiency is generally not important to the bank.   What the bank looks at in a short sale deficiency is what is fair market value today and what is the price of the offer sitting on the table.   If you are a short sale seller or a short sale buyer, my recommendation is do not worry about the size of the deficiency.  I have done short sales where the deficiency is over 50% of what is owed on the property.  Again, the bank does all of its calculations off of ... 09/03/2010

  4 Bedroom, 2.5 Baths, 3368 sq feet, Colonial, 2 Acres-  $460,000     61 Ayers Village Road, Methuen MA Beautiful, modern colonial, set back on its own private oasis. Built in 2005 this home offers plenty of space, large eat in kitchen, many rooms with hardwoods and more..... large cathedral ceiling family room with fireplace and french doors that open to a beautiful sunroom. Great master suite with large master bath and large walk in closet. Laundry is on the first floor and in its own seperate room. This home has a long drive and is set way back from the road creating plenty of privacy. Sale is subject to short sale approval from lien holder(s)     View Larger Map View all the detials of this Methuen home for Sale ______________________________________________________________________... 05/06/2010